Oddo BHF Asset Management Sas Purchases Shares of 32,166 Unity Software Inc. (NYSE:U)

Oddo BHF Asset Management Sas bought a new stake in shares of Unity Software Inc. (NYSE:U - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,166 shares of the company's stock, valued at approximately $728,000.

A number of other hedge funds have also recently made changes to their positions in U. Geode Capital Management LLC boosted its stake in Unity Software by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,685,129 shares of the company's stock valued at $106,008,000 after purchasing an additional 413,474 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Unity Software by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,324,694 shares of the company's stock valued at $37,806,000 after buying an additional 200,008 shares during the last quarter. Van ECK Associates Corp increased its holdings in Unity Software by 35.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,956,029 shares of the company's stock worth $31,805,000 after buying an additional 507,274 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Unity Software by 100.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,886,016 shares of the company's stock valued at $42,662,000 after acquiring an additional 944,709 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Unity Software by 40.6% in the second quarter. Bank of New York Mellon Corp now owns 1,471,671 shares of the company's stock worth $23,929,000 after acquiring an additional 424,806 shares during the period. 73.46% of the stock is owned by institutional investors.

Unity Software Stock Down 6.4 %

Shares of U stock traded down $1.68 during trading hours on Friday, reaching $24.44. The company had a trading volume of 11,376,719 shares, compared to its average volume of 13,017,651. The stock's fifty day simple moving average is $22.15 and its 200 day simple moving average is $19.04. The company has a market capitalization of $9.85 billion, a P/E ratio of -11.98 and a beta of 2.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $43.54.

Insider Buying and Selling

In related news, Director Shlomo Dovrat sold 3,750 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $17.99, for a total value of $67,462.50. Following the completion of the sale, the director now directly owns 2,394,935 shares of the company's stock, valued at $43,084,880.65. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $17.52, for a total value of $4,380,000.00. Following the transaction, the director now directly owns 4,248,146 shares in the company, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 512,241 shares of company stock valued at $11,212,320 in the last quarter. Company insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on U. JMP Securities reaffirmed a "market perform" rating on shares of Unity Software in a report on Friday, September 13th. Benchmark increased their price target on Unity Software from $10.00 to $15.00 and gave the stock a "sell" rating in a research note on Friday, November 8th. Wells Fargo & Company assumed coverage on Unity Software in a report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price target on the stock. Wedbush increased their price objective on shares of Unity Software from $21.00 to $27.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Macquarie increased their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $23.35.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.